The Reserve Bank’s decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants. Welcoming the RBI policy, CREDAI President Harshvardhan Patodia said, the “RBI’s accommodative stance on keeping the ... Read More »
Hotel Leelaventure’s Rs 3,950 crore asset sale to Canada’s Brookfield Asset Management has run into a roadblock with the Securities and Exchange Board of India (SEBI) putting the transaction on hold after a complaint by minority shareholder ITC. The tobacco giant, which owns 7.9 percent in Hotel Leela, has alleged that ... Read More »
Interest rate sensitive shares from the sectors such as banking, automobiles and real estate were in focus ahead of the Reserve Bank of India (RBI) Governor Urjit Patel-led Monetary Policy Committee (MPC) meeting due later in the day. A majority of the nearly 60 analysts polled by Reuters predict the ... Read More »
Apple has told US regulators that it is still interested in developing self-driving car technology. Steven Kenner, the computer giant’s director of product integrity, has written to the National Highway Traffic Safety Administration, to confirm that it remains interested in autonomous vehicles. The letter re-affirming its belief in the viability ... Read More »
President-elect Donald Trump responded to renewed controversy surrounding his business ties in a Tuesday interview with The New York Times, insisting “the president can’t have a conflict of interest” as he faces scrutiny over a series of questionable interactions. Tweets from Times reporters Maggie Haberman and Mike Grynbaum, who were ... Read More »
Yours is a new decentralized content network that uses bitcoin to reward creators. As the project gets closer to launch, more details have surfaced from the development team, and a new project website has just been revealed. The idea came about a little over a year ago, when project leader ... Read More »
The Omni Layer Foundation recently released the latest version of its Decentralized Exchange, OmniDex 2.0. Omni holders will soon start receiving 0.05% of the exchange volume as interest, after an introductory month of fee free trading. The project initially launched as Mastercoin in 2013, raising over 5,000 bitcoins in industry’s ... Read More »
The Madras High Court Bench here has directed State Bank of Travancore to consider a mechanical engineer’s plea to waive interest levied on an education loan of Rs. 1.19 lakh availed by him to pursue engineering in 2006. Disposing of a writ petition filed by the engineer, T. Jerin of ... Read More »
The central bank said the labour market was strengthening, but it was still looking for inflation to reach its 2%. target. The Fed indicated it expected the US economy to continue to “expand at a moderate pace” Interest rates remain between 0.25% and 0.5% after being raised for the first ... Read More »
